Price is ranging (trending between a support and resistance). Price is currently at the resistance of the range and has shown signs of rejections hence we are expecting the price to surge bearish as it has consistently done previously. The risk to reward ratio is 1:2.5
All credits are given to CLIFFON PRYCE.
Prices have now formed a lower-lower which indicates/suggests that we are no longer trending in an upward trend. At this very moment, the price is currently in the retracement process where we are anticipating another bearish surge when it reaches the 0.618 on the Fibonacci tool. The current risk to reward ratio is 1:2.5.
All credits are given to CLIFFON PRYCE.
